Clearway Energy Inc (NYSE: CWEN) kicked off on Tuesday, down -3.20% from the previous trading day, before settling in for the closing price of $22.49. Over the past 52 weeks, CWEN has traded in a range of $18.59-$32.23.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Utilities sector has jumped its sales by 6.07% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 27.58%. With a float of $80.48 million, this company’s outstanding shares have now reached $82.39 million.
In an organization with 61 employees, it is important to assess its efficiency.
Clearway Energy Inc (CWEN) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Utilities – Renewable Industry. The insider ownership of Clearway Energy Inc is 31.22%, while institutional ownership is 67.04%. The most recent insider transaction that took place on Mar 28 ’24, was worth 4,502,833. In this transaction Director of this company bought 196,964 shares at a rate of $22.86, taking the stock ownership to the 295,235 shares. Before that another transaction happened on Mar 28 ’24, when Company’s Director bought 196,964 for $22.86, making the entire transaction worth $4,502,833. This insider now owns 295,235 shares in total.
Clearway Energy Inc (CWEN) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 45.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 27.58% per share during the next fiscal year.
Clearway Energy Inc (NYSE: CWEN) Trading Performance Indicators
Take a look at Clearway Energy Inc’s (CWEN) current performance indicators. Last quarter, stock had a quick ratio of 1.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.72. Likewise, its price to free cash flow for the trailing twelve months is 5.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.68, a number that is poised to hit -0.25 in the next quarter and is forecasted to reach 1.02 in one year’s time.
Technical Analysis of Clearway Energy Inc (CWEN)
Let’s dig in a bit further. During the last 5-days, its volume was 0.89 million. That was inferior than the volume of 0.92 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 5.19%. Additionally, its Average True Range was 0.65.
During the past 100 days, Clearway Energy Inc’s (CWEN) raw stochastic average was set at 15.86%, which indicates a significant increase from 2.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.74% in the past 14 days, which was higher than the 33.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.55, while its 200-day Moving Average is $24.07. However, in the short run, Clearway Energy Inc’s stock first resistance to watch stands at $22.24. Second resistance stands at $22.70. The third major resistance level sits at $22.96. If the price goes on to break the first support level at $21.51, it is likely to go to the next support level at $21.25. The third support level lies at $20.78 if the price breaches the second support level.
Clearway Energy Inc (NYSE: CWEN) Key Stats
The company with the Market Capitalisation of 2.55 billion has total of 202,081K Shares Outstanding. Its annual sales at the moment are 1,314 M in contrast with the sum of 79,000 K annual income. Company’s last quarter sales were recorded 249,000 K and last quarter income was 37,000 K.
